Bursa Malaysia tracked the negative performance yesterday, with investors selling down 680 counters compared with buying up in just 293. The FBM KLCI was also sharply lower, ending 17.05 points or 1.1% down to 1,496.93 at yesterday’s close.
KUALA LUMPUR: Faced with mounting headwinds, Bursa Malaysia succumbed to selling pressure yesterday as foreign selling continued following the possibility that the United States will taper its bond-buying programme ahead of schedule.
With investor concerns already heightened by the discovery of another Covid-19 strain, the remarks by US Federal Reserve (Fed) chair Jerome Powell before the Senate Banking Committee caught investors by surprise, triggering selling in equities markets.
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